Orion Portfolio Solutions LLC Cuts Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Orion Portfolio Solutions LLC trimmed its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 34.0% during the 4th quarter, Holdings Channel reports. The firm owned 21,469 shares of the semiconductor manufacturer’s stock after selling 11,073 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Skyworks Solutions were worth $1,904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SWKS. Nomura Asset Management Co. Ltd. increased its holdings in shares of Skyworks Solutions by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 72,830 shares of the semiconductor manufacturer’s stock worth $6,459,000 after buying an additional 427 shares during the last quarter. Boussard & Gavaudan Investment Management LLP purchased a new position in Skyworks Solutions in the fourth quarter worth $5,393,000. New Age Alpha Advisors LLC bought a new position in Skyworks Solutions in the fourth quarter valued at $66,000. Norges Bank purchased a new stake in Skyworks Solutions during the fourth quarter valued at about $228,646,000. Finally, Blair William & Co. IL lifted its stake in Skyworks Solutions by 14.4% during the fourth quarter. Blair William & Co. IL now owns 4,405 shares of the semiconductor manufacturer’s stock worth $391,000 after purchasing an additional 555 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

SWKS stock opened at $64.80 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The firm has a 50-day moving average of $71.49 and a 200 day moving average of $84.68. The company has a market cap of $10.42 billion, a P/E ratio of 19.88, a PEG ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Insider Buying and Selling

In other news, CEO Philip G. Brace bought 10,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $105.00 to $62.00 in a research report on Thursday, February 6th. Bank of America decreased their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Barclays cut their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Stifel Nicolaus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their target price for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Finally, Citigroup upped their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $83.78.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.